Prudential - confirmation week
Prudential +5% off the double bottom as buyers retake control
Prudential - confirmation week
Our view last week
Prudential's confirmation week closes just above flat, at +0.1%: under the surface, buyers are losing ground, with sellers dominating the last session and volumes contracting. Price is boxed between the 50-day average just above and the daily pivot point just below. In our technical read the buy signal holds, with only medium signal strength: our model favours a cautious approach here.
This week's summary
Prudential shares rebound 5% from the 987 area, where price carved a double bottom before turning higher. Buyers dominate trading, over 90% of daily volume, and the weekly MACD is improving even as it stays in negative territory. A breakout triggers above the 1125 area, the recent multi-day high; below it, the 1091-1102 band remains the balance zone.
IQS Phase
68
in tension
Signal Strength
52
medium
Sizing
STANDARD
Ranking
#28 / 59
EU-UK stocks in progress
Trade P&L %
+5.08%
from signal to today
Rank position
ranks 28th among the 59 Longs already running for European-UK stocks in our ranking, with a signal strength of 52 out of 100.
Sector context
SectorEuropean
Benchmark ETFEXV1
Sector regimein positive regime
Performanceweekly +2.20% · monthly +2.61%
PRU belongs to the european sector (reference ETF EXV1). The sector is classified in positive regime according to our weekly reading.
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